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Vietnam some way away from million dollar painting club
By Hieu Nhan May 8, 2021 | 07:26 pm GMT+7
While Mai Trung Thu’s “Portrait of Mademoiselle Phuong” smashed the nation’s auction record with a $3.1 million bid, such events remain the exception for Vietnamese works.
This landmark event, along with several other similar instances of Vietnamese works fetching high prices, have been flagged as a hopeful sign for local artists making good in international markets.
Vu Tuan Anh, general director of the Hanoi-based Chon Auction House, said: I want my colleagues and I to hold auctions for million-dollar works in the future.
However, other industry insiders believe that such a future is not around the corner.